TEL AVIV, Israel, December 21, 2011 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE Amex: ELLO)
("Ellomay" or the "Company"), announced today that
all proposed resolutions were adopted at the annual general meeting
of the Company's shareholders held on December 20, 2011.
In connection with the Company's photovoltaic plants in
Italy, the Company further
announced that on November 30, 2011
one of the Company's Italian subsidiaries received funding in the
amount of approximately Euro 4.3
million from Centrobanca - Banca di Credito Finanziario e
Mobiliare S.p.A., in connection with the financing agreement
executed in February 2011. In
addition, on December 20, 2011,
another Italian subsidiary of the Company executed a project
finance facilities credit agreement with Unicredit S.p.A. in
connection with the financing of the Giaché and Massaccesi
photovoltaic plants in an aggregate amount of approximately
Euro 5 million.
About Ellomay Capital
Ellomay Capital is an Israeli public company whose shares are
listed on the NYSE Amex stock exchange, which focuses its business
in the energy and infrastructure sectors worldwide and is chaired
by Mr. Shlomo Nehama, former
Chairman of Bank Hapoalim. Ellomay Capital's assets include ten
photovoltaic plants in Italy with
an aggregated capacity of approximately 11 MW, holdings in Dorad,
Israel's largest private power
plant, which is currently under construction and is expected to
produce approximately 800MW, representing about 8% of Israel's current electricity consumption and a
farm-out agreement to farm in to 20% of the Yitzhak exploration and
drilling license.
Information Relating to Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our plans and objectives of management are
forward-looking statements. The use of certain words,
including the words "plan," "estimate," "project," "intend,"
"expect," "believe" and similar expressions are intended to
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We may not
actually achieve the plans, intentions or expectations disclosed in
our forward-looking statements and you should not place undue
reliance on our forward-looking statements. Various important
factors could cause actual results or events to differ materially
from those that may be expressed or implied by our forward-looking
statements, including, but not limited to, inability of financing
for the Company's Italian operations or financing on terms not
favorable or expected by the Company, delays in construction of the
Dorad power plant, delays in or failure to obtain the approval of
the Israeli Petroleum Commissioner for the farm-out agreement in
connection with the Yitzhak license and adverse market conditions
in Israel and worldwide. These and
other risks and uncertainties associated with our business are
described in greater detail in the filings we make from time to
time with Securities and Exchange Commission, including our Annual
Report on Form 20-F. The forward-looking statements are made as of
this date and the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact:
Kalia Weintraub
CFO
Tel: +972(3)797-1111
Email: kaliaw@ellomay.com
SOURCE Ellomay Capital Ltd